Silver Falcon Mining Inc. (fka SFMI)

[clements]

These numbers are... Umm... Well, judge for yourself.

From the sfmi Quarterly Data report from Yahoo Finance
$51,636,000 is in the capital column.
($49,564,000) is the Retained Earnings amount
$2,206,000 is the net tangible assets amount

As far as cash flow goes, all you see are parenthesis which means no cash is coming in at all. No tailings, no dore, no tolling money, no income. The financial statements indicate that this company is producing one and one thing only; debt. And the stockholders debt it is.

I know many stock chasers don't consider the numbers, but a stock after all is about the underlying business, no? So looking at sfmi as a business I would consider the following:

Share Holders are out $49 million.
Market cap of the company is $2 million
Total shares is somewhere north of 2.5 billion (I could be wrong about this)

With gold at $1300/oz all these guys need to do is produce 38,000 oz of Au equiv. and the balance sheet and cash flow statements will look like that of a real company. Unfortunately, considering the performance of this company over the last 4 years it is very unlikely that we will ever see any gold. I have seen what jr companies look like when they are doing things right, and this ain't it. In fact, this short video rings some familiar bells if you've been paying attention:

Btw, as an exercise I suggest that you pull up a 5 year chart of sfmi and put it next to the chart in the video.

But if I had to point to only ONE piece of damning info about this company, it would have to be the ($49,564,000). Where did all of that money go? There are a few answers to this questions, bt if you add up akl the answers they add up to 2.2 million. This is the score card according to sfmi, not me. So they are telling you in plain numbers that they took your money.

I welcome conversation about numbers. Oh wait, never mind. The numbers are speaking so loudly I won't be able to hear you anyway.